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    ZIGN   SE0012930105

ZIGNSEC AB (PUBL)

(ZIGN)
Delayed Nasdaq Stockholm  -  11:29 2022-11-25 am EST
3.360 SEK   -11.02%
11/25Interim report for the period 1 July 2022 to 30 September 2022
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11/25ZignSec AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
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11/11ZignSec Broadcasts Interim Report Presentation
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ZignSec Signs Agreement With Deutsche Bank

07/19/2022 | 09:31am EST

ZignSec, through its subsidiary Web Shield, has signed an agreement with Deutsche Bank, one of the world's leading financial institutions to help improve its due diligence process. The financial impact on ZignSec’s revenue will initially be limited, but with potential to increase significantly over time.

Deutsche Bank will be using Web Shield’s InvestiGate and Monitor solutions, both of which are part of Web Shield’s software-as-a-service offering that helps acquiring banks to automate large parts of their merchant due diligence process. Both solutions are used by compliance departments, underwriting teams, and risk managers around the world to assess merchant applications and monitor websites throughout a merchant’s lifecycle.

“We are very pleased to be able to work with Deutsche Bank,” said Alex Noton, CEO of ZignSec. “This agreement with Germany’s largest banking institution further strengthens our market position and proves that our solutions are bringing value to high-end clients.”

For more information, please contact:

Alex Noton, CEO
Tel: +44 7775 685 984
alex.noton@zignsec.com

ABOUT ZIGNSEC AB

ZignSec is a technology group in the fast-growing RegTech industry. The company provides a SaaS platform with digital real-time solutions for customer due diligence and ID verification with global reach. The solutions are used by companies that in turn can optimize their processes for "onboarding" both corporate customers and consumers and at the same time ensure compliance with ever-changing local and global regulatory requirements for Know Your Customer (KYC) and Anti Money Laundering (AML).

Nasdaq First North Ticker Symbol: ZIGN

Certified Adviser: Eminova Fondkommission AB, Tel: +46 8 684 211 00

IMPORTANT INFORMATION

This information is information that ZignSec AB (publ) is not obliged to make public pursuant to the EU Market Abuse Regulation. However, the information is of importance to communicate to the company’s interested parties.

© Modular Finance, source Nordic Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG 0.19% 10.39 Delayed Quote.-5.70%
ZIGNSEC AB (PUBL) -11.02% 3.36 Delayed Quote.-75.87%
All news about ZIGNSEC AB (PUBL)
11/25Interim report for the period 1 July 2022 to 30 September 2022
AQ
11/25ZignSec AB Reports Earnings Results for the Third Quarter and Nine Months Ended Septemb..
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11/11ZignSec Broadcasts Interim Report Presentation
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08/25Interim report for the period 1 April 2022 to 30 June 2022
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08/25ZignSec AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30..
CI
08/23ZignSec Broadcasts Interim Report Presentation
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More news
Financials
Sales 2021 52,9 M 5,08 M 5,08 M
Net income 2021 -72,7 M -6,97 M -6,97 M
Net cash 2021 24,3 M 2,33 M 2,33 M
P/E ratio 2021 -5,63x
Yield 2021 -
Capitalization 156 M 15,0 M 15,0 M
EV / Sales 2020 28,6x
EV / Sales 2021 8,76x
Nbr of Employees 72
Free-Float 94,3%
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Managers and Directors
Alex Noton Chief Executive Officer
Johan T÷rnqvist Chief Financial Officer
Alexander Albedj Chairman
Jason Coombes Chief Operating Officer
Markus Pihl Independent Director
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